CPE Credits Awarded:

COURSE SUMMARY

Fundamentals of Refining and Supply Economics is designed to provide delegates with a thorough understanding of the technical principles of refining and its economic drivers. Through a combination of presentations and case studies, delegates will learn the principles of refinery operations and planning, the commercial aspects affecting crude selection and operation of the refinery. Throughout the course delegates participate in a refinery simulation whereby they select and purchase optimal crude cargoes, nominate finished product sales. The refineries are also exposed to the vagaries of the international oil market.

What you will learn

The chemistry of crude oil, interpretation of a crude oil assay and their influence on the refinery operation

The chemistry of the key refining processes

The technologies, costs and optimisation of key refining processes

Financial evaluation techniques as applied to project investment

The workings of tanker markets and how freight is calculated

Commercial aspects of crude oil selection

Blending of intermediate streams into finished products

The significance of finished product specifications to the refiner, shipper and end user

The workings of the international oil trading markets

WHO SHOULD ATTEND?

Personnel within the refining sector who have direct involvement in the technical, operational and commercial aspects of the refinery operation (e.g. planners, engineers and process operators)

Personnel within the supply trading sector who have a direct involvement in refinery operations (e.g. supply planners and operators)